International

How to Find Your Best Suppliers in China

Although it may seem that the financial benefits of working with suppliers in China might be waning, the reality is that China is the third largest trade partner of the United States, behind its North American partners, Canada and Mexico. And if the flow of funds and the seventy-four billion dollars that United States companies have sent to China are any indication, your small business will likely offshore...

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How to Find Your Best Suppliers in the EU

Small businesses seeking a competitive advantage in the global marketplace would be remiss if they ignored the power of working with suppliers in the EU. Not only is the EU the largest manufacturer of exported goods and services, its 28 member countries account for 16% of the world’s imports and exports. In other words, the EU is an economic powerhouse that many domestic small businesses...

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How to Find Your Best Suppliers in India

With imports from India exceeding $7.25 Billion (roughly twice the $3.64 Billion exported), it’s one 'offshoring' destination worth exploring if you run a small business and concepts like 'profitability,' 'quality,' and 'gross profit margin' are things that keep you awake at night. While it's true that the US offshores a lot of service-based jobs to India (such as IT, call-centre, and administrative roles), nearly twice...

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Why-is-it-so-hard-to-send-money-to-the-Philippines-

While the United States and the Philippines have had a lucrative trade relationship for over one hundred years, trade between the two countries has radically expanded over the past decade. But it can still be very difficult to send money to the Philippines.   Veem is here to help small businesses get over the obstacles, headaches and endless fees they incur when sending global business payments. Here...

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Why-is-It-So-Hard-to-Send-Money-to-Hong-Kong

After experiencing marginally lower growth in 2015-2016, Hong Kong’s exports have already begun to rise in 2017. More and more U.S. small businesses today send money to Hong Kong each year, many sending bigger and more frequent global payments to Hong Kong all the while, which can be a complex, error-prone process.   We compiled several key points small businesses should consider when they send, or are...

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Why-is-it-so-Hard-to-Send-Money-to-China-

The United States’ trade relationship with China is an important economic one. With nearly half a trillion dollars in goods being imported into the States from China in 2016 alone, it begs the question: why is it so difficult to make payments to Chinese businesses? Shouldn’t it be easier to send money to China?   Clearly, our country’s robust trade arrangements should allow for facilitated wire payments, but most...

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Veem-QBO-Integration

Veem is pleased to announce the beta release of our new integrated payment solution in partnership with Quickbooks Online. Now you can pay your global suppliers directly from Quickbooks Online while getting all the advantages of the Veem experience – simple and fee-free wire transfers to over 60 countries.   Veem’s QuickBooks Online integration is especially important for small businesses sending regular international supplier...

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